Sprouts Farmers Market, Inc. · NASDAQ:SFM
Sprouts Farmers Market — Q2 2022 Earnings Presentation
9 slides from Sprouts Farmers Market's earnings presentation, Aug 3, 2022
Slide 1: Q2 2022 Earnings
Q2 2022 Earnings August 2022 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein (including, but not limited to, statements to the effect that Sprouts Farmers Market, Inc. (the “Company”) or its
Slide 3: Q2 2022 Highlights
Q2 2022 Highlights Net Sales +5% Comps (1) +2.0% Diluted EPS $0.57 New Stores 2 Cash Generation $56M From Operations Share Repurchases $65M Comparable Store Sales
Slide 4: Second Quarter Sales Drivers – Shelves Stocked with Trend Forward Product
Second Quarter Sales Drivers – Shelves Stocked with Trend Forward Product Continued strength in convenient deli grab and go meals Differentiated departments like Grocery, Dairy, Bakery continue to see year over year growth Ecommerce grew 15% and remains elevated
Slide 5: Maintaining a Structurally Improved Margin Profile
Maintaining a Structurally Improved Margin Profile 5 ($ in mm) ADJUSTED EBIT & Adjusted EBIT Margin(1) See the Appendix to this presentation for a reconciliation of EBIT to adjusted EBIT – for 2021 and 2022, adjustments to EBIT were immaterial; thus, only EBIT is presented.
Slide 6: Driving Shareholder Value Through An Ongoing Share Repurchase Program
From 2015 through Q2, 2022: Repurchased 54 million shares Reduced shares outstanding 35% Purchased $1.3B to date $501M remaining on our share repurchase authorization* $0 Total Annual Share Repurchase Driving Shareholder Value Through An Ongoing Share Repurchase Program ($ in mm) * As of July 3, 202
Slide 7: 2022 Outlook
2022 Outlook 15-17 new stores Capex $130M to $150M Third Quarter, 2022: Comparable sales growth expected be 1% to 2% and EPS $0.49 to $0.53 Total sales growth between 4% and 5% Comp sales growth between 1% and 2% Slight increase to gross margins Earnings per share (EPS) $2.18 to $2.26
Slide 8: Appendix
Appendix
Slide 9: Non-GAAP Measure Reconciliation (Unaudited)
SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES NON-GAAP MEASURE RECONCILIATION (UNAUDITED) (IN THOUSANDS) The following table shows a reconciliation of EBIT and adjusted EBIT to net income, as well as a reconciliation of net income and diluted earnings per share to adjusted net income and adjusted di
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